Citigroup faces Australian insider trading charge

By

Vivek Ahuja

March 31, 2006 6:00 p.m. GMT

Citigroup has fallen foul of regulators in a fourth continent following legal proceedings by Australia's securities watchdog, which claims the bank breached conflicts of interest and insider trading rules.

The bank has already been probed by seven European regulators, as well as watchdogs in Japan and America.